remaining principal balance
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Remaining principal balance — The amount of principal dollars remaining to be paid under the mortgage as of a given point in time. The New York Times Financial Glossary … Financial and business terms
principal — in the case of a loan, refers to the actual amount borrowed and on which interest is paid. Glossary of Business Terms The remaining balance owed on a loan by a borrower or on a security by its issuer, exclusive of any accrued interest. American… … Financial and business terms
balance due — The amount of a debt still owed on an account or the principal owed on a promissory note. With a promissory note, the balance due is not the sum of the remaining installments, because that amount includes interest payments, but may be the… … Business law dictionary
James Madison: A Plurality of Interests and a Balance of Powers — ▪ Primary Source In the federal Convention of 1787, James Madison was the acknowledged leader of the group favoring a strong central government. The final draft of the Constitution did not fully satisfy Madison, for he thought the… … Universalium
Amortization schedule — An amortization schedule is a table detailing each periodic payment on a amortizing loan (typically a mortgage), as generated by an amortization calculator. While a portion of every payment is applied towards both the interest and the principal… … Wikipedia
Negatively Amortizing Loan — A loan with a payment structure that allows for a scheduled payment to be made where it is less than the interest charge on the loan at the time the scheduled payment is made. When a payment is made which is less than the interest charge at the… … Investment dictionary
Simple Interest Bi-Weekly Mortgage — A bi weekly mortgage payment plan in which the payments made by the borrower are applied immediately toward the remaining principal balance of the mortgage as they are received. This differs from a traditional bi weekly plan, where the first… … Investment dictionary
Scheduled Recast — A recalculation of the remaining amortization schedule of a mortgage at a certain date set and known in advance. A scheduled recast is part of some mortgage programs because those mortgages have features which allow for payments to be made early… … Investment dictionary
CMBS Prepayment Terms — Summary Defeasance and yield maintenance are used to define the prepayment terms of a CMBS loan (Commercial Mortgage Backed Securities) before its maturity. Defeasance Defeasance is the substitution of collateral. Defeasance is used to calculate… … Wikipedia
Pool factor — In finance, a pool factor is a number expressed as a factor of one that is used to indicate the remaining principal balance of a note. Pool factors are only used to describe specific classes of securities, namely pooled ABSs and MBSs whose… … Wikipedia
